Marico Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book

Published 19 Jul 2026 | Agricultural Food & other Products | Market Cap: ₹1.1L Cr

India business expects double-digit revenue growth and a gradual pick-up in core category volume growth through FY26, supported by improving rural and urban consumption and easing inflation. Marico expects to deliver double-digit operating profit growth in FY26 and the medium term.

From Marico's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Price

₹849

Market Cap

₹1.1L Cr

P/E Ratio

59.5

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Marico — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹3.3K Cr, net profit ₹408 Cr.

Full financials →

📊 Revenue & Sales Performance

→India business expects double-digit revenue growth and a gradual pick-up in core category volume growth through FY26, supported by improving rural and urban consumption and easing inflation.
→Foods business projected to grow at 25%+ annually with a minimum growth rate of 25-30% next year, scaling beyond the current ₹900-1,000 crore run rate.
→Digital-first portfolio aims to reach 2.5x ARR of FY24 by FY27, with Beardo and Plix targeting over ₹1,000 crore combined ARR in FY26 and double-digit EBITDA margins within 2 years.
→International markets, including Bangladesh, MENA, and South Africa, expected to maintain double-digit constant currency growth with continued market share and profitability gains.
→New category and premium portfolios are growth levers expected to reduce commodity exposure and drive margin-accretive, resilient revenue streams.
→Overall, company is confident of delivering top-quartile performance with sustained double-digit revenue and operating profit growth in the medium term.

📈 Profitability & Margins

→Marico expects to deliver double-digit operating profit growth in FY26 and the medium term.
→Despite input cost pressures, core portfolios remain steady with sustained investments in high-growth segments.
→Foods business is targeted to grow at 25%+ CAGR towards FY27.
→Digital-first businesses aim to achieve double-digit EBITDA margins by FY27.
→International business expects top quartile revenue and profit growth, with improving margins in MENA and steady double-digit growth in Bangladesh.
→Margin pressures from copra inflation are expected to ease from Q2 FY26 onwards.
→The company foresees improved volume growth trajectory in India business aided by easing inflation and robust supply chain.
→Aspirations to sustain double-digit revenue growth supported by core, Foods, and Digital businesses combined.
→Improved profitability mix through premiumization and scale efficiencies aims at resilient earnings across cycles.

See what Marico said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→Marico has continued to invest aggressively in A&P (Advertising & Promotion), with an 18% increase in FY25 and 35% growth in Q4, focusing on strengthening core franchises and diversifying portfolios.
→Investments are targeted towards accelerated scale-up of Foods and Premium Personal Care portfolios in India, and premium categories in international markets.
→The company aims to build high-growth levers that are margin accretive and reduce commodity exposure over time.
→Project SETU is a current strategic initiative to improve rural direct distribution quality and pan-India rural outlet expansion.
→Digital media buying efficiencies are being enhanced through centralized buying across digital brands like Plix, True Elements, Beardo, and Just Herbs.
→Marico will continue investments in both core and new businesses without sacrificing long-term growth for short-term margins.
→The company is preparing for robust double-digit revenue growth, targeting a revenue milestone of ₹20,000 crores by scaling further from the current ₹10,000 crores.

💰 Fundraising & Capital Structure

The transcript on page 20 of the 2014.pdf does not mention any current or future fundraising through debt or equity. Key points related to financial strategy include: - The company had surplus cash lying on the balance sheet. - The decision to return surplus cash to shareholders via a record high dividend payout in FY25. - No compromise on investment opportunities despite returning surplus cash. - Continued investments in Advertising & Promotion (A&P) and business growth. - Focus on sustainable growth, margin expansion, and resilience across cycles. - No indication or announcement of raising funds through debt or equity in the near term. Thus, based on available information, there is no plan or discussion of new fundraising through debt or equity at present.

See what Marico said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

The provided transcript of Marico Limited's earnings conference call for Q4 and FY25 does not contain any information related to the company's current or expected orderbook or pending orders. The discussion mainly focuses on: - Revenue growth and volume trends. - Pricing strategies and margin outlook. - Growth in various businesses including Foods, Personal Care, and Digital brands. - Market dynamics in India and international markets like Bangladesh and MENA. - Channel-specific strategies and investments in A&P. - Distribution improvements through Project SETU. - Future growth aspirations and sustainability initiatives. No references or data related to orderbooks or pending orders are mentioned in the transcript.

Key Metrics

What Marico's management said in earlier quarters

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Frequently Asked Questions

What were Marico Q4 FY25 results?

What is Marico share price analysis?

Marico currently shows a neutral. The stock trades at a P/E of 59.5 with a market cap of ₹112,337 Cr. Investors should review the full earnings analysis for detailed insights.

Is Marico planning capital expenditure?

Marico has continued to invest aggressively in A&P (Advertising & Promotion), with an 18% increase in FY25 and 35% growth in Q4, focusing on strengthening core franchises and diversifying portfolios.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.